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Operational Risk Specialist Jobs (NOW HIRING)

Newcastle

Operational Risk Specialist

Cobalt, CT · Hybrid

Job Posting Title Operational Risk Specialist Salary Band MP3 35,691 - 48,228 About the role As an Operational Risk Specialist, you'll play a key role in helping us maintain a strong and effective ...

Truist

Business Risk Specialist II

Atlanta, GA · On-site

Business risk specialist responsible for supporting and executing governance activities ... Serves as a key contributor to operational risk management efforts by providing analysis ...

Truist

Business Risk Specialist II

Charlotte, NC · On-site

Business risk specialist responsible for supporting and executing governance activities ... Serves as a key contributor to operational risk management efforts by providing analysis ...

Capital One

Sr. Risk Specialist

Richmond, VA · On-site

$97K/yr

Sr. Risk Specialist As a Sr. Risk Specialist in Capital One's Operations Risk Management (ORM) group, you will apply your Data Quality and Data Management subject matter expertise, influence, and ...

ProSidian Consulting

Subsurface Risk Specialist

Washington, DC · On-site +1

$111K/yr

Company Description ProSidian is a Management and Operations Consulting Services firm that delivers ... ProSidian Seeks a Subsurface Risk Specialist | Technical Due Diligence & Engineering Validation For ...

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Operational Risk Specialist information

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$38K

$100.5K

How much do operational risk specialist jobs pay per year?

As of Aug 7, 2026, the average yearly pay for operational risk specialist in the United States is $94,940.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,500.00 and $98,500.00 per year, depending on experience, location, and employer.

What does an operational risk specialist do?

An operational risk specialist identifies, assesses, and monitors risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop risk mitigation strategies, implement controls, and ensure compliance with regulations, often using data analysis and risk management tools. Their role helps organizations minimize losses and improve operational resilience.

What are the key skills and qualifications needed to thrive as an operational risk specialist, and why are they important?

To thrive as an Operational Risk Specialist, you need a solid understanding of risk management frameworks, regulatory requirements, and data analysis, often supported by a degree in finance, business, or a related field. Familiarity with risk assessment tools, GRC (Governance, Risk, and Compliance) systems, and certifications such as FRM or ORM are highly valued. Strong analytical thinking, attention to detail, and effective communication skills help you identify, assess, and report risks proactively. These skills are crucial for minimizing losses, ensuring regulatory compliance, and supporting organizational resilience.

What are some typical challenges faced by an operational risk specialist, and how are they addressed within a team environment?

Operational Risk Specialists often encounter challenges such as identifying emerging risks in rapidly changing business environments, ensuring compliance with evolving regulations, and fostering a risk-aware culture across departments. These challenges are typically addressed through close collaboration with business units, regular risk assessments, and continuous communication with compliance and audit teams. Working within a multidisciplinary team allows specialists to share insights, develop effective risk mitigation strategies, and ensure that risk controls are both practical and aligned with organizational objectives.

What is the difference between Operational Risk Specialist vs Credit Analyst?

AspectOperational Risk SpecialistCredit Analyst
Required CredentialsBachelor's degree, certifications like FRM or ORMBachelor's degree, certifications like CFA or credit-specific courses
Work EnvironmentFinancial institutions, risk management teamsBanks, lending institutions, financial services
Employer & Industry UsageRisk management departments in financeLoan departments, credit risk units
Common Search & ComparisonOperational Risk Specialist vs Credit Analyst

While both roles are vital in financial institutions, the Operational Risk Specialist focuses on identifying and mitigating operational risks across processes, whereas the Credit Analyst evaluates creditworthiness to approve loans. The roles often collaborate but serve different functions within risk management and lending operations.

More about Operational Risk Specialist jobs
What states have the most Operational Risk Specialist jobs? States with the most job openings for Operational Risk Specialist jobs include:
What job categories do people searching Operational Risk Specialist jobs look for? The top searched job categories for Operational Risk Specialist jobs are:
Operational Risk Specialist jobs near you
Infographic showing various Operational Risk Specialist job openings in the United States as of August 2026, with employment types broken down into 87% Full Time, 11% Part Time, and 2% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $94,940 per year, or $45.6 per hour.

Operational Risk Specialist

Newcastle

Cobalt, CT • Hybrid

Full-time

Medical, Life, Retirement, PTO

Posted 8 days ago

Job description

Job Posting Title

Operational Risk Specialist

Salary Band

MP3

35,691 - 48,228

Job Description

About the role

As an Operational Risk Specialist, you'll play a key role in helping us maintain a strong and effective operational risk framework across the business. Working as part of our Operational Risk team, you'll partner closely with stakeholders to provide expert guidance, oversight and constructive challenge, helping them understand and manage operational risks effectively.

You'll support the development of a strong risk culture, promote accountability and ownership, and contribute to the ongoing enhancement of our risk management practices and systems.

About You

We're looking for someone with a solid understanding of Operational Risk Management within a regulated financial services environment. You'll have experience of operational risk methodologies such as RCSA, risk event management and scenario analysis, alongside the confidence to engage and challenge stakeholders at all levels.

You'll be a strong communicator with excellent attention to detail, commercial awareness and the ability to build effective working relationships across the business. If you're proactive, organised and passionate about helping businesses identify, manage and mitigate risk, we'd love to hear from you.

About us

The Newcastle Building Society Group comprises of Newcastle Building Society, Manchester Building Society, Newcastle Financial Advisers and Newcastle Strategic Solutions. Our purpose, connecting our communities with a better financial future inspires and directs our activities.

As an inclusive employer and member owned mutual, we aim to reflect the diverse communities we serve and encourage applications from candidates of all backgrounds. We believe everyone should feel valued, respected, and celebrated for who they are, we want colleagues to feel this is a place they belong. A place to be you.
What do you get in return? As well as receiving a competitive annual salary based on above-market pay scales, our reward package includes:

Financial

  • Corporate bonus scheme (on target 10%, up to a maximum 15%)

  • Pension scheme (up to 9% employer contribution)

  • Annual performance related pay reviews

  • Colleague mortgage scheme

  • Electric car salary sacrifice scheme

  • Life assurance (4x salary) and income protection

  • Access to our financial advisers

  • Access to a range of high street and online discounts

Work/Life Balance

  • A 35-hour weekly contract - We are happy to talk flexible working and welcome discussions

  • 30 days' annual leave + bank holidays

  • The option to buy and sell up to 5 days' holiday

  • Hybrid working (typically 3 days' home based)

  • Above statutory family leave entitlement - 3 months full pay, 3 months half pay, regardless of gender or route to parenthood

Health and Wellbeing

  • Private medical insurance

  • Access to a health cash plan through a Medicash scheme

  • Access to an employee assistance programme

  • Free onsite gym at our Cobalt head office and access to discounted gym's

  • Two paid volunteering days' each year

  • Cycle to work scheme

Recognising there's no one-size-fits-all approach to recruitment, we're committed to ensuring every candidate has the opportunity to showcase their full potential throughout the recruitment process. We strive to make our processes as accessible as possible, if there are any ways in which we can provide support or make adjustments, we would love to discuss this with you, you can contact your Recruiter for this vacancy at kate.wilkinson@newcastle.co.uk

Company:

Newcastle Building Society

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